https://www.taxtmi.com/acts?id=38478 Company liquidators must deposit all receipts, including cheques and demand drafts, into a special bank account in the liquidator's official name at a scheduled bank or other Tribunal permitted bank; daily realisations must be deposited without deduction by the next working day. A petty cash float of five thousand rupees (or higher if Tribunal approved) may be maintained. Payments above two thousand rupees must be made by cheque from the special account. The liquidator must file quarterly reports to the Tribunal, including the bank statements of the special account. en-us Thu, 06 Feb 2020 17:45:01 +0530 Wed, 07 Jan 2026 14:11:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=38478 Company liquidators must deposit all receipts, including cheques and demand drafts, into a special bank account in the liquidator's official name at a scheduled bank or other Tribunal permitted bank; daily realisations must be deposited without deduction by the next working day. A petty cash float of five thousand rupees (or higher if Tribunal approved) may be maintained. Payments above two thousand rupees must be made by cheque from the special account. The liquidator must file quarterly reports to the Tribunal, including the bank statements of the special account. Act-Rules Companies Law Thu, 06 Feb 2020 17:45:01 +0530 https://www.taxtmi.com/acts?id=38478